The role supports pre-bind due diligence, post bind operational oversight through ongoing audit and corresponding monitoring activities. The individual will evaluate a target company’s risks, value drivers, and deal breakers. They utilise MGA/Delegated Authority framework to formulate a strategy to address due diligence risk areas and identify potential issues and matters of concern and be an integral part of the team to formulate solutions.
Responsibilities
The Sr. MGA Operations Analyst a key member of the SCOR Delegated Operations team working in a fast-paced environment that encourages new ideas and a fresh way of thinking. Responsibilities include roles for the organisation:
- Management of due diligence process and administration of all classes for corresponding coverholders/for MGAs or TPA/DCAs. Including but not limited to, new Coverholder sponsorship, annual due diligence review and approval
Triaging core requirements across a number of stakeholders across the business to formulate the due diligence strategy and requirement pack.
Work cross-functionally with Undewriting, Risk, Compliance, Finance, Legal and IT to assess operational readiness, identify gaps and track remediation, all in line with SCOR’s risk appetiate and delegated authority standards.
Provide first line triage across referral points including (Risk, Compliance, Finance, IT) and conducting detailed assessments on the operational set ups.
- Agreement onboarding: Structuring, reviewing and managing delegated authority contracts and renewals.
- Audit & compliance: Scoping and coordinating audits to ensure 3rd Coverholders and TPAs/DCAs comply with regulatory standards.
- Assist in the management of outsourcing arrangements and monthly performance against SLA’s,
- Assisting in the completion of regulatory, staturory and non-regulatory reporting to comply with internal/external requirements.
- Suppport income or EGPI reviews and updates.
- Ensure bordereaux are processed, driving data quality and metrics.
- Ensure data quality meets SCOR standards and rectify where gaps identified,
- Participating in internal/external business associated forums and actions,
- Other ad hoc tasks as required.
- Committees and Memberships:
- Contributor to SCOR Product Oversight Committee, Delegated Underwriting Committee and Delegated Claims Reporting Committee.
Qualifications
Required experience & competencies
Excellent quantative and qualitative skills
Strong attention to detail
Good communication skills - being able to articulate technical matters into actionable tasks
Strong analytical and problem-solving approach
Project and time management skills required. Ability to multitask and self-organise
Experience with continuous improvement methods
Understanding of the delegated business environment and the insurance market preferred.
Minimum of a couple of years working in a similar role such as strategy consulting, M&A, risk assessment, audit, risk and controls or as a risk analyst
Required Education
College/University degree required.Bachelor's Degree
- Locations Level 6, London, United Kingdom, EC2N 4BQ, GB
About Us
As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.
Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.
As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.
SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
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Senior MGA Operations Analyst employer: SCOR Group
SCOR is an exceptional employer, offering a dynamic work environment in the heart of London where innovation meets collaboration. Employees benefit from a culture that values integrity, courage, and inclusivity, alongside opportunities for professional growth through engagement with industry experts. With a commitment to employee well-being and a focus on meaningful contributions to society, SCOR provides a rewarding experience for those looking to make an impact in the reinsurance sector.
